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The (Libyan) Institute of Banking and Financial Studies of the Central Bank of Libya, in cooperation with Bina Entrepreneurship Incubator Libya, began on Sunday, in Benghazi, the third session of the programme for qualifying entrepreneurs’ advisors and supervisors in SME financing.
The training comes within the Central Bank of Libya’s (CBL) framework to finance emerging and small projects, and to this end, the CBL has urged commercial banks to allocate part of their financing portfolios to finance SME projects in all Libyan cities.
In an exclusive statement to Libya Herald on the training, the Project Officer at the Bina Libya Incubator, Ms. Ghada Arhouma, said that the courses co-organized with the Institute of Banking and Financial Studies aim to develop the skills and capabilities of the targeted employees in the banking sector to create specialized experts in the mechanisms of directing and financing emerging and small projects in accordance with best practices, to ensure the best returns on investment.
Courses in Tripoli, Benghazi and Zliten
Arhouma confirmed that the same training courses were organized in the cities of Zliten, Benghazi, and Tripoli. The training course is currently continuing in the city of Tripoli for the third week on methods and sources of financing projects, as well as in the city of Zliten for the second week on risk management in small and emerging projects. In Benghazi, the course began its first week on the introduction to entrepreneurship and small projects.
International accreditation
The training programme, Arhouma continued, is directed at the Libyan banking, and is implemented in 150 training hours over the course of 6 training weeks at home and abroad. The programme ends with the trainees being granted an accredited international certificate from the British Institute of Leadership and Management.
Better trained bankers, better SME projects
Arhouma pointed out the important role of these training courses in qualifying a banking expert who specializes in technically financing SMEs who can apply the systems and conditions that lead to financing projects in a better way that guarantees their success and guarantees their achievement of a return on investment.
It also achieves the bank’s goal of financing projects and preserves its rights, as well as achieving building a diversified economy through the entrepreneurial and creative ideas of young people. These can be transformed into successful economic projects through training and qualification, then obtaining financing. This is what the Bina Incubator is keen on achieving, which is concerned with all stages of capacity building among the financing applicant, the project owner, and the financing party, the bank, Arhouma explained.
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